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27 Sep 2024

Industry

Market turnover of alternative proteins in Thailand projected to grow 3.2% in 2024; growth of beverages outstrips food segment (Current Issue No.3520 Full Ed.)

คะแนนเฉลี่ย

Turnover in the market for alternative proteins from new food innovations in Thailand projected to grow 3.2% in 2024

•    KResearch projects that turnover in the market for alternative proteins from new food innovations in Thailand will reach THB9.7 billion in 2024, an increase of 3.2 percent YoY, thanks to the proliferation of new products in the market and sales channels, making it easier for consumers to access these products.
•    Nevertheless, this market remains highly competitive from both domestically produced and imported alternative proteins. Additionally, fluctuating raw material costs pose a risk to the business.

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Industry